Banswara Syntex Ltd (BANSWRAS) AI Stock Analysis

Banswara Syntex Ltd

(NSE:BANSWRAS)

Select Model

Rating:54Neutral

Price Target:INR 98.00▼(-4.11% Downside)

Action:reiterated

Date:09/10/26

The stock earns a mid-50s score primarily because revenue growth is offset by weaker margins, lower ROE, and consistently poor free cash flow, while technical indicators point to a clear downtrend and soft momentum, partly balanced by a reasonable valuation that offers some downside support but limited upside appeal at current fundamentals.

Positive Factors

Accelerating Revenue GrowthRecent revenue growth and sharper acceleration in 2026 indicate improving demand across the company’s textile activities. If sustained, stronger sales can improve capacity utilization, support operating leverage, and provide a broader base for rebuilding profitability over the next several quarters.

Negative Factors

Negative Free Cash FlowNegative free cash flow in two consecutive years reduces the company’s near-term ability to self-fund expansion, debt reduction, or shareholder returns. Continued cash investment or working-capital absorption could increase reliance on external financing and weaken financial resilience.

Banswara Syntex Ltd (BANSWRAS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 3.37B
Dividend Yield: 1.03%
Average Volume (3M): 1,624
Price to Earnings (P/E): 8.9
Beta (1Y): 0.98
Revenue Growth: 2.91%
EPS Growth: 89.10%
Country: India
Employees: 12,596
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Banswara Syntex Ltd Business Overview & Revenue Model

Company Description

Banswara Syntex Limited, an Indian company established in 1976 and headquartered in Mumbai, specializes in the production, marketing, and sale of textile products, primarily within India. The company offers an extensive range of yarns, including spun...

How the Company Makes Money

Banswara Syntex primarily makes money by manufacturing textiles and selling them to customers in India and internationally. Its key revenue streams typically include (1) sale of yarn (including synthetic/blended and value-added yarns) to other textil...

Banswara Syntex Ltd Financial Statement Overview

Summary

Revenue is growing but margins, ROE, and cash flow quality have weakened versus past years, with negative free cash flow in most recent periods and gradually rising leverage, resulting in only mid-range financial quality.

Income Statement

58Neutral

Balance Sheet

64Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	13.56B	13.56B	12.93B	12.42B	14.78B	11.72B
Gross Profit	6.57B	2.75B	6.11B	4.43B	8.49B	1.41B
EBITDA	1.38B	1.29B	1.01B	1.16B	2.12B	1.39B
Net Income	312.00M	312.00M	221.56M	355.41M	1.13B	456.20M
Balance Sheet
Total Assets	12.72B	12.72B	11.97B	10.70B	10.69B	8.81B
Cash, Cash Equivalents and Short-Term Investments	94.82M	94.82M	47.68M	158.21M	197.41M	190.72M
Total Debt	4.75B	4.75B	4.54B	3.55B	3.73B	2.62B
Total Liabilities	6.85B	6.85B	6.37B	5.35B	5.60B	4.82B
Stockholders Equity	5.85B	5.85B	5.59B	5.35B	5.09B	3.99B
Cash Flow
Free Cash Flow	-297.26M	-212.09M	-671.47M	446.92M	-832.01M	-53.68M
Operating Cash Flow	196.65M	759.15M	772.24M	1.42B	200.86M	526.73M
Investing Cash Flow	-480.71M	-976.02M	-1.37B	-900.76M	-994.42M	-472.08M
Financing Cash Flow	250.23M	171.34M	552.34M	-584.10M	752.14M	48.73M

Banswara Syntex Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price102.20

Price Trends

50DMA109.00Negative

100DMA118.06Negative

200DMA115.44Negative

Market Momentum

MACD-3.15Negative

RSI38.77Neutral

STOCH45.14Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANSWRAS, the sentiment is Negative. The current price of 102.20 is above the 20-day moving average (MA) of 101.45, below the 50-day MA of 109.00, and below the 200-day MA of 115.44, indicating a bearish trend. The MACD of -3.15 indicates Negative momentum. The RSI at 38.77 is Neutral, neither overbought nor oversold. The STOCH value of 45.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BANSWRAS.

Banswara Syntex Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BANSWRAS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:NAHARSPING	62Neutral	INR 9.40B	12.48	―	0.38%	2.49%	249.40%
IN:PASHUPATI	57Neutral	INR 21.25B	149.39	―	0.04%	―	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BASML	54Neutral	INR 1.52B	6.73	―	1.32%	-2.19%	132.56%
IN:BANSWRAS	54Neutral	INR 3.30B	8.88	―	1.03%	2.91%	89.10%
IN:GINNIFILA	53Neutral	INR 3.48B	9.80	―	―	-6.94%	140.06%
IN:ABCOTS	42Neutral	INR 3.61B	25.48	―	―	―	―

* General Sector Average

Performance Comparison

IN:BANSWRAS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BANSWRAS	Banswara Syntex Ltd	104.59	-10.62	-9.22%
IN:ABCOTS	AB Cotspin India Ltd.	161.75	-259.10	-61.57%
IN:BASML	Bannari Amman Spinning Mills Limited	20.01	-7.24	-26.57%
IN:GINNIFILA	Ginni Filaments Limited.	41.17	-3.68	-8.21%
IN:NAHARSPING	Nahar Spinning Mills Ltd	255.95	51.65	25.28%
IN:PASHUPATI	Pashupati Cotspin Ltd.	141.62	60.18	73.89%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 10, 2026

Banswara Syntex Ltd AI Stock Analysis